Paper £20 and £50 note withdrawal

30 September 2022 is the last day you can spend paper £20 and £50 notes. They have been replaced by new polymer £20 and £50 notes.

Out with the old, in with the new

We will withdraw legal tender status of our paper £20 and £50 notes after 30 September 2022.

paper-20-and-50

If you have any paper £20 or £50 notes, we encourage you to spend them or deposit them with your bank or Post Office before 30 September 2022.

As paper notes are returned to the Bank of England, they are being replaced with the new polymer £20 notes featuring JMW Turner, and polymer £50 notes featuring Alan Turing.

After 30 September, only our polymer notes will have legal tender status.

polymer-20-and-50

What to do with paper notes after 30 September

Once the 30 September 2022 deadline has passed, you will no longer be able to spend Bank of England paper notes in shops, or use them to pay businesses.

After this date, many UK banks will accept withdrawn notes as deposits from customers. Some Post Offices may also accept withdrawn notes as a deposit into any bank account you can access with them.

The Bank of England will always exchange any withdrawn notes, including paper notes we have withdrawn in the past.

Continue to check your banknotes

You may still receive paper notes from businesses or other people until 30 September 2022. Focus on these key security features to help confirm that a £20 or £50 paper note is genuine:

£20 hologram image change

Hologram image change security feature

Tilt the note from side to side and check the images change between a '£' symbol and the number '20'.

£50 motion thread image change

Tilt the note up and down or side to side and check the images change between a '£' symbol and the number '50'.

Bright £20 or £50 in the watermark

Paper-20-and-50-Bright-watermark-200x100

Hold the note up to the light. Check there is a bright '£20' or '£50' at the top of the Queen's portrait.

This page was last updated 29 March 2022

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